Ask the Mortgage Experts

Do I have to go on a new Let to buy?

I'm going for a let to buy mortgage, but I have been told that in order to qualify my name must be included in the new mortgage. Is this right ?

Most lenders if you are doing a "let to buy" would expect your name to be on the mortgage of the new property you are buying. However there are lenders who will look at situations that aren't quite the norm.

As John Charcol is an Independent, Whole of Market broker, we deal with those lenders who manually underwite cases and can therefore judge each application on its merits. If there's a genuine reason why you aren't going on the new mortgage, this maybe something we can assist you with.

If you'd like to discuss your enquiry in more detail, then let me know, and I'll arrange for you to speak to one of our consultants.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.